Capstone Completes Acquisition Of Renewable Energy Developers

Capstone Infrastructure Corp. has acquired all of the issued and outstanding common shares of Renewable Energy Developers Inc. (RED). RED, formerly Sprott Power Corp., is now a subsidiary of Capstone.

In July, Capstone initially announced that it had entered into a definitive agreement with RED, but the deal was subject to shareholder approval. RED and an ‘undisclosed financial partner’ recently acquired four contracted Ontario wind projects, representing a gross capacity of 50 MW, from affiliates of Wind Works Power Corp.

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